SPORTS CHART OF THE DAY: Yankees Payroll Explosion Has Finally Come To An End

button more charts
button chart prev
button chart next

For the fourth straight year, the New York Yankees were the only Major League Baseball team with a payroll over $200 million. But unlike their unchecked spending of the previous decade, the Yankees appear to have finally reached their payroll limit.

Since 2005, the first year the Yankees broke the $200 million barrier, their payroll has bounced between $190 million and $215 million. And this season, their payroll actually went down. On the other hand, the average payroll in MLB rose 27.6 per cent from $72.8 million to $92.9 million.

This is in stark contrast to the years before 2005. From 1997 to 2005, the Yankees payroll jumped 252.2 per cent from $59.1 million to $208.3 million. During that same period, the average MLB payroll rose 91.4 per cent.

New York Yankees Payroll

All data via USA Today salary database

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.